 Today I have the pleasure of speaking with both Jack Lipton and Alistair Neal, two of the world's top rare earths experts. So are you both ready? And of course today, my intention is for you both to solve the issue of whether or not we can actually build a rare earth supply chain in North America. Okay, so Jack, how about we start with a yes or no from you and tell us what you think. Yes, we can if the money is put forth and the all of the skills necessary are there and even deposits are there. But in order, the real trick here is if you want to have the total rare earths that you need for, for example, rare earth permanent magnets, you're going to need more than is produced in the United States, you need to have Canadian content and Australian content. So this issue is the base issue, of course the anchor of any supply chain is the rheumatial source, but the issue here is money. No one in the United States private or public actually believes that the United States could produce rare earth permanent magnets competitively priced with those produced in China. I happen to believe we can, but I'm open to other opinions. So Alistair, what do you think? Can we? I would agree with Jack that we can, but also it does take I think people with vision and likely some backing and support because financially it's going to come down to having the money available. You know, historically, there were magnet manufacturing facilities in the US, notably Magna quench, which moved to China in the early 2000s and you had Hitachi among others already in place in the US. So it can be done, but again, it does come back to can you compete with the Chinese? Because in my experience, people are willing to buy from non-Chinese sources, but they're not willing to pay much of any premium to be able to do so. Okay, well, I'm going to add my three cents here. We've heard Jack, you say money is the answer, correct? Yes. Okay. And of course, Alistair, you're talking about the Chinese being the factor, correct? Correct. Okay. So I would like to just add that I believe it's the complexity of the problem. Every time I turn around, I read something new. It's like I'm starting all over every single time. There seems to be an ongoing cycle of misinformation and propaganda out there that makes the rare earth industry look so formidable that no one can solve the problem. So I'd like to get to the formula on how to solve it because I know you both of you actually have the answer. But first, let's just start with whether or not you agree on whether or not there are a lot of what do you call fallacy and misinformation out there. And let's start, Jack, with what is your favorite gossip that you hear about rare earth regularly that you have to clarify? My favorite bit of misinformation is that the cost of separating rare earth is astronomical. And even in the United States government, I hear all of the time why the Mali Corp project Phoenix cost a billion dollars and the plant in Malaysia of Linus, that was 600 or 800 million dollars. Well, that's what's going to cost. And I tell them, so you're planning to build a 20,000 ton separation system for what? Is that the market you're after? They don't know the answer. They just know it's very expensive. These people are all, the US, if it had a 3,000 ton system, the military would be completely satisfied and there'd be stuff left over for the consumer market. And the cost of that would be a tiny fraction of the money that Mali Corp wasted and of the money that Linus spent, because they were pioneers. Nobody ever built a plant that big and they made a lot of mistakes. It works fine now, but at the beginning it wasn't working so well. Alistair, what's your favorite piece of misinformation? That it's a mining business, that it's more to me, it's a specialty chemical business because if you go back through the history of people getting into space in 2008 and so forth, they came at it from mining perspective, grade and tonnage. What they failed to recognize is really, it's a specialty chemical business. You customize the final products for the customer and that takes a lot more effort and time and knowledge to really be able to do that properly. So I think to me that's the biggest myth that's out there. And of course, my favorite myth, I have several. One is, no two sources seem to know how many rare earths there are, that's one of my favorites. And of course, I love the fact that it's real easy to extract these rare earths from 2,000 meters under the sea. So on that note, for everyone out there in Investor Intel, this is part one of a part three series where we're going to get you ready to hit the ground running on rare earths. So gentlemen, thank you for joining us. You're welcome. Thank you.